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Philadelphia 30Th Street Station Investment and Development Program

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Philadelphia 30Th Street Station Investment and Development Program NEC.AMTRAK.COM PHILADELPHIA 30TH STREET STATION INVESTMENT AND DEVELOPMENT PROGRAM As the third busiest Amtrak station in the country, 30th Street Station directly connects to SEPTA and NJ TRANSIT, and is a nexus for dozens of local and regional bus, subway and trolley routes. Few districts around the world offer the characteristics of the 30th Street Station District—a location adjacent to premier healthcare and education institutions, close proximity to Center City, access to the Schuylkill River, large assemblages of land, and connectivity to one of the most important intermodal hubs on the Northeast Corridor. A RICH HISTORY In fiscal year 2016, 30th The Station was built between 1929 and 1934 by the Pennsylvania Railroad and the eight-story Street Station welcomed steel frame building has been listed on the National Register of Historic Places since 1978. As more than 4 million a major transportation hub and landmark, 30th Street Station continues to be an anchor for the City. Philadelphia has entered a new era of growth and opportunity and the district around passengers on Amtrak’s 30th Street Station is at the forefront of this renaissance. The station bridges the Center City Acela Express, Northeast business district and University City, home to several anchor institutions such as the University Regional, and long-distance of Pennsylvania, Drexel University, University City Science Center, and the Children’s Hospital of Philadelphia. Philadelphia reversed its decades-long trend of population decline in 2010, and services and 8 million since then, the city has grown each year and has one of the highest growth rates of millennials passengers on SEPTA and among US cities. Over the next three decades, renewed interest in rail travel and continued growth of urban centers will draw more residents, students, and visitors to Philadelphia and NJ TRANSIT commuter rail increase activity to this already bustling transportation hub along the Northeast Corridor. service routes. PHILADELPHIA 30TH STREET STATION INVESTMENT AND DEVELOPMENT PROGRAM 30TH STREET STATION MASTER DEVELOPMENT: REALIZING A VIBRANT MIXED-USE TRANSPORTATION HUB Cities across the nation are seeing an urban and implementation of the District Plan renewal with both the millennial and baby vision with a solicitation for a Master De- boomer generations flocking to cities to veloper partnership. The goal of the Master work, live and play. This population influx Developer partnership is to attract a vision- is demanding more walkable communities ary team made up of world-class architects, with vibrant arts and cultural resources, engineers and developers to maximize the and most importantly, access to multimod- value of Amtrak’s portfolio of real estate as- al transportation hubs. With seven of the sets at 30th Street Station. When realized, top 10 busiest stations located along the the Master Development should be a bold, Northeast Corridor, this increased demand fully integrated mixed-use urban district is straining aging infrastructure already at with a vibrant transportation hub situated or near capacity. To address both these at its core. The results will be enhanced opportunities and challenges, Amtrak has connectivity, improved customer experi- advanced the Revenue Growth Initiative ence for all station users, and stimulated (see below) focused on innovative asset ridership and revenue. monetization strategies and infrastructure reinvestment at its major stations including A Master Developer will be selected for all Philadelphia, Baltimore, Chicago, New York aspects of project delivery that may include and Washington, D.C. planning, design, construction, financing, and select operations/maintenance, with In 2016 Amtrak, together with several part- a scope to include the potential develop- ner organizations, completed the Phila- ment of the station retail, the station’s -of delphia 30th Street Station District Plan, a fice towers, the Amtrak railyards and other two-year planning effort to create a vision Amtrak real estate assets. With significant for the 30th Street Station District in the work completed as part of the 30th Street year 2050 and beyond as a connected and Station District Plan, Amtrak is moving for- inviting neighborhood, an incredible gate- ward with a two-step solicitation, including way for Philadelphia, and a center for new a Request for Qualifications (RFQ) followed economic growth and opportunity. by a Request for Proposals (RFP) that will be issued to a short-list of qualified Master A new vibrant district envisioned Amtrak is now advancing the redevelop- Developer teams. around 30th Street Station ment of Philadelphia 30th Street Station AMTRAK REVENUE GROWTH INITIATIVE The Master Developer partnership opportunity is part of Amtrak’s Revenue Growth Initiative, a corporate program initiated in 2013 to leverage Amtrak’s substantial asset portfolio. Amtrak is the owner and manager of a nationwide portfolio of assets including over eight million square feet of station and maintenance facilities and ownership rights at half of its top 10 busiest stations. These and other assets produce recurring revenue or have the potential to do so – revenue that can be reinvested back into critical infrastructure and operational improvements that benefit our customers as shown the cycle chart to the right. NEC.AMTRAK.COM NEAR-TERM IMPROVEMENTS ADVANCING Building Façade Restoration Investment of approximately $65 million currently underway at 30th Street Station to complete the restoration of the building façade, restoration of the historic bronze entrance doors, and replacement of passenger elevators and escalators. Station Plaza Planning activities for Station Plaza, the grand civic place surrounding all four sides of 30th Street Station, are underway to narrow down the three alternatives identified in the District Plan to a single, preferred concept. North Concourse and Mezzanine Planning and concept design activities are Amtrak owns approximately 66 acres in the vicinity of 30th Street Station. underway for the North Concourse, a pro- posed new passenger concourse on the Arch Street side of the station to include passenger AMTRAK OWNERSHIP waiting and boarding areas and retail. These activities are focused on refining the layout Amtrak owns 30th Street Station, its surrounding rail yard, and the of public concourse and back-of-house station Northeast Corridor Right of Way extending south to Baltimore, operational spaces and to evaluate circulation Maryland and to points north including New York City. Highlighted pathways. above, the general site area owned by Amtrak is approximately 66 acres, comprised of eight acres where the Station is located, ap- West Underground Concourse and Connector proximately 58 acres of railyards north and northwest of the Station Amtrak and SEPTA are coordinating planning between the Schuylkill River and 32nd Street. Amtrak also owns the and concept design work for the proposed land north of the Station along Arch Street and the parking garage underground retail concourse and connection to the north of the Station. between 30th Street Station and the subway and trolley. These activities are focused on refining the layout of the retail concourse and to identify the best locations for stair and elevator access. I-76 Ramp Modification Study Executing business transac- tions to capture untapped PennDOT is conducting a Ramp Modifica- tion Study to analyze the I-76 / I-676 ramp value will result in a more improvements and modifications to the ad- self-reliant business model, jacent street network, including Arch Street, supporting Amtrak’s mission to 30th Street, Market Street, and Schuylkill Av- be America’s preferred choice enue, proposed by the District Plan. for intercity travel. “World class passenger rail requires significant investments in infrastructure, fleet, stations and facilities. As Amtrak moves to strengthen its core business, it is adopting new and innovative strategies to generate revenue for reinvestment into the Amtrak services and facilities that our customers have come to rely upon.” - Wick Moorman, Amtrak Co-CEO FOR MORE INFORMATION CONTACT TANIA NIKOLIC Program Manager Amtrak Planning, Technology and Public Affairs 215.349.2609| [email protected].
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